HP Valves signs letter of intent for plant at High Tech Systems Park
The 110 staff company expects to start the construction activities in October and intends to move into the new buildings after the summer of 2016. HP Valves expects to invest over 10 million euros and it is the third company in three months to announce the building of new constructions at the High Tech Systems Park.
“Especially the concept and the facilities offered by the High Tech Systems Park are very appealing,” explains Marten Hinsenveld, managing director of HP Valves. “Innovating together is key here and the professional environment that is presented is attractive for technical talent. For us this creates the opportunity to continue to grow and to remain one of the market leaders.”
Gerben Edelijn, CEO of Thales Nederland: “Operating all over the world, we are both faced with the challenge of keeping our competitive edge in a difficult labour market for technical staff. By working together, innovating together and sharing production facilities and knowledge, we can maintain our technical lead while still remaining attractive for technical talent.”
About HP Valves
HP Valves is a modern and renowned producer of high pressure valves and accessories that are used world-wide in energy plants. Over the past years, the company has shown a healthy growth and has developed into a major supplier to contractors world-wide, including Siemens, NEM, Mitsubishi and Alstom Power. In addition to the present location in Oldenzaal, HP Valves has a plant in Seoul, South- Korea that, with a staff of 60, designs and produces complementary products.
About High Tech Systems Park
The High Tech Systems Park in Hengelo is a new initiative that remodels the former Thales real estate into an innovation campus that focuses on cooperation between high-tech companies and presenting an attractive work environment. The High Tech Systems Park is an initiative of Thales Nederland, the province of Overijssel and the city of Hengelo.
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For more information please contact Janinka Feenstra, Marketing & Communicatie High Tech Systems Park on +31 (0)6 51072493 or j.feenstra@kennispark.nl